Victoria Gold Corp VITFF

Metals & Mining Gold

Victoria Gold Corp. is a gold mining company. The Company’s flagship asset is its 100% owned Dublin Gulch property, which hosts the Eagle, Olive and Raven gold deposits along with numerous targets along the Potato Hills Trend including Nugget, Lynx and Rex Peso. Dublin Gulch is situated in the central Yukon, Canada, approximately 375 kilometers (km) north of the capital city of Whitehorse. The property covers an area of approximately 555 square kilometers and is the site of the Company's Eagle and Olive Gold Deposits. It also holds a suite of other development and exploration properties in the Yukon, including Brewery Creek, Clear Creek, Gold Dome and Grew Creek. The Eagle West target area lies as close as 500 meters northwest of the main Eagle Gold Deposit and hosts the exposures of the granodiorite. The Raven target is located at the contact zone at the extreme southeastern portion of the Nugget Stock. The Brewery Creek Project is a past producing heap leach gold mining operation.

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Victoria Gold Corp > VGCX 2023 Q1 Earnings Estimates -Analyst Consensus - Really?

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Comment by MVargason Apr 21, 2023 6:21pm

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Post# 35408182

RE:VGCX 2023 Q1 Earnings Estimates -Analyst Consensus - Really?

There are a lot of factors that go into calculation of net income and earnings per share, but having said that, I'd expect Q1/2023 earnings to be higher than Q1/2022 based on a 50% increase in gold production and higher gold prices. Earnings per share in Q1 last year was $0.25/share.

Of course costs will also be higher due to inflation, but not 50% higher.
Derivative losses will be lower in spite of new gold hedges.
Gain in value of BYN shares will be slightly negative vs a $4 million gain last year.

Last year's Q1 earnings were almost half of full-year earnings.

Re CIBC, this was reported by April 18 Globe and Mail:

The CIBC analysts on Monday boosted their share target for Victoria Gold to $11.50 from $10.50, while maintaining a "neutral" recommendation. Analysts on average target Victoria Gold shares at $16.

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